Taproot - The biggest upgrade for Bitcoin since 2017 & documents to read.

[SquirrelJulietGarden]

Article	Author
_______________________________________________________________________________	_________________________
About Taproot	Taproot.watch
Taproot is coming. What it is & how it will benefit Bitcoin	BitcoinMagazine
Short Bitcoin Taproot explainer	BitcoinMagazine
How Bitcoin’s Taproot Upgrade Will Improve Technology Across Bitcoin’s Software Stack	CoinDesk
Why Bitcoin's Taproot upgrade matters?	CoinDesk
What Is Taproot, the Privacy-Focused Bitcoin Upgrade?	Decrypt.co
[Education] Bitcoin Privacy and Anonymity	Husna QA
Taproot and Schnorr: The Biggest BTC Upgrade for 2021	hackernoon.com
What Is Taproot and How It Will Benefit Bitcoin	Binance Academy
Schnorr + Taproot Soft Fork Promises Big Things For Bitcoin	Bitcoinist.com
Create Taproot address for your Bitcoin	SquirrelJulietGarden
Bitcoin Taproot (Bech32m - bc1p) adoption	SquirrelJulietGarden

[aoluain]

Great post, thanks for the info. This is indeed a significant upgrade being the first major
one since 2017. There is a lot of info which many of us wont be able to understand or
process. I would recommend that everybody at least browse over the documents.

I think we will all welcome this upgrade as it improves Privacy and scaling, two features
which are talked about a lot. Its quite exciting

From the coindesk article

........have made Taproot a highly anticipated upgrade because it will give Bitcoin a boost to transaction privacy and allow for more lightweight and complex “smart contracts” (an encoded contract with self-executing rules).

[SquirrelJulietGarden]

This is indeed a significant upgrade being the first major one since 2017. There is a lot of info which many of us wont be able to understand or
process. I would recommend that everybody at least browse over the documents.

I think we will all welcome this upgrade as it improves Privacy and scaling, two features which are talked about a lot. Its quite exciting

The Taproot activation is planned in November so there is 3 months until the important activation.

Bitcoin and cryptocurrency monthly return (%) from Cryptorank.io

I don't know why the Taproot activation will happen in November and in Q4, that are most profitable month and quarter in Bitcoin history. What a coincidence!

Any explanation?

[SquirrelJulietGarden]

Do you want to get a reminder about Taproot?

It will be activated in November. Taproot watch. This great event for Bitcoin will happen in Q4 that usually is a good quarter for Bitcoin.

Bitcoin ROI. 2013 with 468% and 2017 with 226%. They are two big bull markets. Another good year is 2020 with 170% and a few other good years.

Are you ready for Q4 and Taproot?

[pooya87]

2013 with 468% and 2017 with 226%. They are two big bull markets. Another good year is 2020 with 170% and a few other good years.

I wonder how these numbers are computed because they don't exactly make sense to me. For example in 2020 price went up from $6800 to $33000 which is a 385% rise (not 170%) or 2017 when price went from $900 to $19600 which is a 2077% rise (not 226%).
Note that I'm only using price at the start of the year with the price at the end of the year not the lowest and highest, that would give a much bigger percentage.

[SquirrelJulietGarden]

I wonder how these numbers are computed because they don't exactly make sense to me. For example in 2020 price went up from $6800 to $33000 which is a 385% rise (not 170%) or 2017 when price went from $900 to $19600 which is a 2077% rise (not 226%).
Note that I'm only using price at the start of the year with the price at the end of the year not the lowest and highest, that would give a much bigger percentage.

It is ROI calculated and given by the website https://cryptorank.io/price/bitcoin, in Q4s. It is quarterly ROI, not yearly ROI.

[Oshosondy]

2013 with 468% and 2017 with 226%. They are two big bull markets. Another good year is 2020 with 170% and a few other good years.

Bitcoin marketcap was not very strong like of 2021 in 2013 but there was a very big bull market within just November 2013, the month that should not be forgetten and known to people.

From Wikipedia

Price rose from $150 in October to $200 in November, reaching $1,242 on 29 November 2013. The lowest price since the 2012–2013 Cypriot financial crisis had been reached at 3:25 AM on 11 April. Price broke above the November 2013 high of $1,242 and then traded above $1,290.

2013 was a very year that bitcoin increased, it was below $112 in May 2013.

[SquirrelJulietGarden]

2013 with 468% and 2017 with 226%. They are two big bull markets. Another good year is 2020 with 170% and a few other good years.

Bitcoin marketcap was not very strong like of 2021 in 2013 but there was a very big bull market within just November 2013, the month that should not be forgetten and known to people.

You say opposite to what you should say. Bitcoin marketcap is not big in 2013 but its dominance is bigger in 2013. Because there were less altcoins on market and altcoins did not have big total cap like now.

November 2013 is part of the bull market and the market in that month is not complete bull market.

[Oshosondy]

You say opposite to what you should say. Bitcoin marketcap is not big in 2013 but its dominance is bigger in 2013. Because there were less altcoins on market and altcoins did not have big total cap like now.

November 2013 is part of the bull market and the market in that month is not complete bull market.

I indicated that the marketcap in 2013 was not strong if compared to later, but supply reduction is not want that resulted to the price hike during the time, it was still increased marketcap, increase in adoption.


In July 20 2013, bitcoin marketcap was $1.05 billion. In September 18 2013, the marketcap was $1.55 billion. The marketcap increased to  $5.7 billion in November 17 at $475 price. I was not able to get the price and marketcap within that period accurately but we can see how the marketcap would have increased to over $10-$12 billion when the price of was above $1200 at the end of November in the year.

What I am saying is that bitcoin price also increased very well in 2013, the ROI was great.

[SquirrelJulietGarden]

Two big topics for Taproot

- Bitcoin Taproot (Bech32m - bc1p) adoption
- Create Taproot address for your Bitcoin

[1miau]

Really nice collection of quality content regarding Taproot.

Maybe you can add the topic presented by Charles-Tim here about Taproot transaction fees to your list because I believe it’ll fit very well in your topic list, in my opinion. In general, I really like technical details to be presented here because it’s vital for the forum to have good guides of any sort available and it’s also attracting visitors via Google’s search function.

Pay-to-taproot (P2TR) transaction fee